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The company launched a floor mopper tailor-made for the Chinese market in 2016, and established a commercial team at its Shanghai office to directly manage sales, marketing and after-sales services, to be more responsive to the local market, Angle said.

The company is investing close to 0 million in the four US locations, including purchase prices.

The company is set to begin the local production of its next generation of fully electric connected vehicles in China in 2020.

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The company reported its slowest quarterly revenue growth in the third quarter of last year, with net revenue reaching 104.8 billion yuan (.5 billion), a 25.1 percent year-on-year increase. Analysts polled by financial data and analytics firm FactSet had estimated that JD would report revenue of 106.09 billion yuan in the third quarter.

The company just launched a new type of product, the piggyback wagon, to further compete with road transportation. Such freight cars can carry trucks to further cut transportation time and fuel cost, especially for long-distance journeys.

The company is planning to go public so exact figures for the first half has not been released per disclosure rules.

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The components of Microsoft Azure’s serverless platform. (Microsoft Image)

The company's stock endured consecutive losses after the incident was made public.

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The company was also ordered to make a public apology via news media, according to the ruling.

The company will sell nearly 2 billion shares in this IPO, 80 percent of which will go to Japanese retail investors with a 5 percent dividend, the highest in Japan.